Nickel; Unwrought, Alloys Price in India - 2023
Contents:
- Nickel; Unwrought, Alloys Price in India (CIF) - 2023
- Nickel; Unwrought, Alloys Price in India (FOB) - 2022
- Nickel; Unwrought, Alloys Imports in India
- Nickel; Unwrought, Alloys Exports in India
Nickel; Unwrought, Alloys Price in India (CIF) - 2023
In July 2023, the average nickel; unwrought, alloys import price amounted to $27,632 per ton, shrinking by -51.5% against the previous month. Overall, the import price, however, saw a buoyant expansion. The pace of growth was the most pronounced in April 2023 an increase of 525% against the previous month. The import price peaked at $58,306 per ton in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Belgium ($52,035 per ton), while the price for the United Arab Emirates ($19,020 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+134.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Nickel; Unwrought, Alloys Price in India (FOB) - 2022
In 2022, the average nickel; unwrought, alloys export price amounted to $16,025 per ton, growing by 14% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 185% against the previous year. The export price peaked at $24,846 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($34,680 per ton), while the average price for exports to Turkey ($7,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+49.1%), while the prices for the other major destinations experienced more modest paces of growth.
Nickel; Unwrought, Alloys Imports in India
In 2022, supplies from abroad of nickel; unwrought, alloyses decreased by -31.6% to 314 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 41%. As a result, imports attained the peak of 574 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, nickel; unwrought, alloys imports dropped markedly to $5M in 2022. Overall, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 66%. As a result, imports attained the peak of $9.6M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Nickel; Unwrought, Alloys in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,636 | 1,732 | 1,435 | 1,350 | -6.2% |
| United Kingdom | 3,478 | 2,713 | 861 | 806 | -38.6% |
| Japan | 88.4 | 105 | 341 | 641 | 93.6% |
| Netherlands | N/A | 400 | 1,773 | 586 | 21.0% |
| Belgium | 26.1 | 745 | 129 | 470 | 162.1% |
| Slovenia | 279 | 175 | 237 | 426 | 15.2% |
| China | 172 | 133 | 371 | 265 | 15.5% |
| Latvia | N/A | N/A | N/A | 152 | 0% |
| South Korea | N/A | 763 | 2,010 | N/A | 163.4% |
| United Arab Emirates | N/A | 1,527 | N/A | N/A | 0% |
| Brazil | N/A | 1,022 | 1,574 | N/A | 54.0% |
| Others | 140 | 326 | 223 | 265 | 23.7% |
| Total | 5,819 | 9,642 | 8,954 | 4,961 | -5.2% |
Top Suppliers of Nickel; Unwrought, Alloys to India in 2022:
- Japan (100.0 tons)
- United States (90.0 tons)
- Netherlands (52.0 tons)
- Belgium (21.2 tons)
- United Kingdom (14.6 tons)
- Slovenia (10.5 tons)
- Latvia (7.8 tons)
- China (7.1 tons)
Nickel; Unwrought, Alloys Exports in India
In 2022, approx. 11 tons of nickel; unwrought, alloyses were exported from India; with an increase of 83% against the previous year. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, nickel; unwrought, alloys exports surged to $183K in 2022. Overall, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Unwrought, Alloys in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 8.0 | 6.6 | 22.1 | 55.6 | 90.8% |
| South Korea | N/A | N/A | N/A | 52.6 | 0% |
| United Kingdom | 4.4 | 0.3 | N/A | 51.7 | 127.3% |
| United States | 4.7 | 2.1 | N/A | 8.8 | 23.3% |
| Brazil | 3.5 | 2.9 | N/A | 6.1 | 20.3% |
| Saudi Arabia | 29.4 | 1.6 | N/A | 0.5 | -74.3% |
| Uganda | N/A | 9.9 | N/A | N/A | 0% |
| Germany | N/A | N/A | 35.4 | N/A | 0% |
| Singapore | 55.2 | N/A | N/A | N/A | 0% |
| Others | 19.0 | 58.5 | 30.7 | 7.9 | -25.4% |
| Total | 124 | 81.9 | 88.3 | 183 | 13.9% |
Top Export Markets for Nickel; Unwrought, Alloys from India in 2022:
- Saudi Arabia (undefined tons)
- Germany (undefined tons)
- Nepal (6.1 tons)
- United Kingdom (2.7 tons)
- South Korea (2.0 tons)
- Brazil (0.2 tons)
- United States (0.2 tons)
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This report provides an in-depth analysis of the nickel market in India.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in India.
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This report provides an in-depth analysis of the nickel market in India.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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In February 2023, the nickel price amounted to $29,090 per ton (CIF, India), growing by 7.3% against the previous month.
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
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Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
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The Russian Federation dominates in the global unwrought nickel trade. In 2014, Russian Federation exported more than X thousand tons of unwrought nickel totaling X billion USD, X% over the previous year. Its primary trading partner was China, wh
595
In February 2023, the nickel price amounted to $29,090 per ton (CIF, India), growing by 7.3% against the previous month.
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Nickel prices skyrocketed on the expectations of a shortage on the global market provoked by the increase in demand that outpaces the supply growth. The rebound in the steel industry and rising electric vehicle manufacturing drive nickel consumption. Pandemic-related lockdowns in the first half of 2020 and the related uncertainty led to a decrease in the global nickel mine output by -4% y-o-y. Despite this, refined nickel production increased by +2% y-o-y, boosted by the recovering demand from mid-2020 and the use of secondary smelting. Indonesia, the largest nickel ore producer worldwide, banned exports of the ore and thus achieved a record output of refined nickel.
280
Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
1220
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
